VERSUS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
VERSUS
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4,262
2024 · €80,865-€76,603
Equity
€408,453
2024 · €404,191+€4,262
Cash
€123,495
2024 · €91,615+€31,880
Balance sheet total
€1.9m
2024 · €2.2m-€231,710
Largest movements
Assets
- Receivables within one year -€298,816
down €298,816 (-14.6%), from €2.0m to €1.7m
of which Trade receivables: -€371,199
- Tangible fixed assets +€37,446
up €37,446 (+1436.1%), from €2,607 to €40,054
- Cash +€31,880
up €31,880 (+34.8%), from €91,615 to €123,495
mainly Receivables within one year (+€298,816) and Tax, wage and social debts (+€43,760)
Equity and liabilities
- Trade debts -€172,244
down €172,244 (-11.6%), from €1.5m to €1.3m
- Other debts -€94,136
down €94,136 (-48.6%), from €193,631 to €99,495
- Tax, wage and social debts +€43,760
up €43,760 (+84.0%), from €52,078 to €95,838
of which Remuneration and social security: +€40,513
Income statement
- Turnover +€3.2m
up €3.2m (+41.7%), from €7.7m to €10.9m
- Goods and materials +€3.1m
up €3.1m (+45.8%), from €6.8m to €9.9m
- Staff costs +€140,862
up €140,862 (+31.1%), from €452,861 to €593,723
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€80,865
Turnover
+€3.2m
Other operating income
+€15,438
Goods and materials
-€3.1m
Services and other goods
+€35,937
Staff costs
-€140,862
Depreciation
-€2,677
Other operating charges
-€1,962
Other operating items
-€62,735
Financial income
+€3,976
Financial charges
+€845
Taxes
+€152
Result 2025
€4,262
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€76,870
Investment
-€44,990
Financing
€0
Cash 2024
€91,615
From operations (derived)
+€76,870
Net result for the year
+€4,262
Depreciation
+€8,787
Receivables within one year
+€298,816
Deferred charges and accrued income
+€976
Trade debts
-€172,244
Tax, wage and social debts
+€43,760
Other debts
-€94,136
Accrued charges and deferred income
-€13,352
Investment (derived)
-€44,990
Investment in fixed assets (net)
-€44,990
Cash 2025
€123,495
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,154,261 | €1,922,551 | -€231,710 | -10.8% |
| Fixed assets | 21/28 | €17,610 | €53,812 | +€36,203 | +205.6% |
| Intangible fixed assets | 21 | €1,244 | - | -€1,244 | |
| Tangible fixed assets | 22/27 | €2,607 | €40,054 | +€37,446 | +1436.1% |
| Furniture and vehicles | 24 | €2,607 | €40,054 | +€37,446 | +1436.1% |
| Financial fixed assets | 28 | €13,759 | €13,759 | = | 0.0% |
| Other financial fixed assets | 284/8 | €13,759 | €13,759 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €13,759 | €13,759 | = | 0.0% |
| Current assets | 29/58 | €2,136,651 | €1,868,738 | -€267,913 | -12.5% |
| Amounts receivable within one year | 40/41 | €2,043,140 | €1,744,324 | -€298,816 | -14.6% |
| Trade receivables | 40 | €1,977,712 | €1,606,513 | -€371,199 | -18.8% |
| Other amounts receivable | 41 | €65,428 | €137,811 | +€72,382 | +110.6% |
| Cash at bank and in hand | 54/58 | €91,615 | €123,495 | +€31,880 | +34.8% |
| Deferred charges and accrued income | 490/1 | €1,896 | €919 | -€976 | -51.5% |
| Total equity and liabilities | 10/49 | €2,154,261 | €1,922,551 | -€231,710 | -10.8% |
| Equity | 10/15 | €404,191 | €408,453 | +€4,262 | +1.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €95,250 | €95,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €89,000 | €89,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €246,441 | €250,703 | +€4,262 | +1.7% |
| Amounts payable | 17/49 | €1,750,070 | €1,514,098 | -€235,973 | -13.5% |
| Amounts payable within one year | 42/48 | €1,736,718 | €1,514,098 | -€222,620 | -12.8% |
| Trade debts | 44 | €1,491,008 | €1,318,764 | -€172,244 | -11.6% |
| Suppliers | 440/4 | €1,491,008 | €1,318,764 | -€172,244 | -11.6% |
| Taxes, remuneration and social security | 45 | €52,078 | €95,838 | +€43,760 | +84.0% |
| Taxes | 450/3 | €14,541 | €17,788 | +€3,247 | +22.3% |
| Remuneration and social security | 454/9 | €37,537 | €78,051 | +€40,513 | +107.9% |
| Other amounts payable | 47/48 | €193,631 | €99,495 | -€94,136 | -48.6% |
| Accrued charges and deferred income | 492/3 | €13,352 | - | -€13,352 | |
| Operating income | 70/76A | €7,673,670 | €10,885,914 | +€3.2m | +41.9% |
| Turnover | 70 | €7,664,650 | €10,864,400 | +€3.2m | +41.7% |
| Other operating income | 74 | €4,779 | €20,217 | +€15,438 | +323.0% |
| Non-recurring operating income | 76A | €4,240 | €1,296 | -€2,944 | -69.4% |
| Operating charges | 60/66A | €7,589,865 | €10,883,684 | +€3.3m | +43.4% |
| Goods for resale, raw materials and consumables | 60 | €6,817,846 | €9,942,310 | +€3.1m | +45.8% |
| Purchases | 600/8 | €6,817,846 | €9,942,310 | +€3.1m | +45.8% |
| Services and other goods | 61 | €305,169 | €269,232 | -€35,937 | -11.8% |
| Remuneration, social security and pensions | 62 | €452,861 | €593,723 | +€140,862 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,111 | €8,787 | +€2,677 | +43.8% |
| Other operating charges | 640/8 | €2,138 | €4,100 | +€1,962 | +91.8% |
| Non-recurring operating charges | 66A | €5,741 | €65,532 | +€59,791 | +1041.5% |
| Operating profit (loss) | 9901 | €83,805 | €2,230 | -€81,576 | -97.3% |
| Financial income | 75/76B | - | €3,976 | +€3,976 | |
| Recurring financial income | 75 | - | €3,976 | +€3,976 | |
| Non-recurring financial income | 76B | - | €3,976 | +€3,976 | |
| Financial charges | 65/66B | €2,364 | €1,519 | -€845 | -35.7% |
| Recurring financial charges | 65 | €2,364 | €1,519 | -€845 | -35.7% |
| Debt charges | 650 | €866 | - | -€866 | |
| Other financial charges | 652/9 | €1,498 | €1,519 | +€21 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €81,441 | €4,686 | -€76,755 | -94.2% |
| Income taxes | 67/77 | €576 | €424 | -€152 | -26.4% |
| Taxes | 670/3 | €576 | €424 | -€152 | -26.4% |
| Profit (loss) for the period | 9904 | €80,865 | €4,262 | -€76,603 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,865 | €4,262 | -€76,603 | -94.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.